"If a hard-working American loses her job, regardless of what state she lives in, we should make sure she can get unemployment insurance and some help to retrain for her next job," President Obama said in a weekly address.
Congress let previous, similar unemployment legislation expire at the end of 2013.
Obama's revised proposal aims to make unemployment benefits more permanent and less dependent on Congress. In the proposal, federal unemployment insurance would automatically activate when states experience rapid job-loss.
The proposal also builds on unemployment protection to include wage insurance for people who take lower-paying jobs than what they had before.
If displaced workers take a pay cut at a new job, the insurance could cover half their lost wages — up to $10,000. To be eligible you'd have to have had the previous job for at least three years.
More details on the proposal will be included in the president's upcoming budget.
This video includes images from Getty Images.